KOSPI Shows Early Strength on Dual Buying by Institutions and Foreigners

by Jang Hyowon

Published 11 May.2023 10:23(KST)

The KOSPI index is showing early strength in the session, driven by combined buying from institutions and foreigners.

As of 10 a.m. on the 11th, the KOSPI index is trading at 2512.13, up 15.62 points (0.63%) from the previous day.

[Image source=Yonhap News]

By investor type, institutions and foreigners are net buyers of 69.3 billion KRW and 27.4 billion KRW respectively, while individuals are net sellers of 90.1 billion KRW. In the futures market, foreigners are net buyers of 214 billion KRW. In program trading, net buying occurred with 29.8 billion KRW in arbitrage trading and 27.5 billion KRW in non-arbitrage trading.

Most sectors are showing strength. Construction is up 1.83%, steel and metals 1.55%, machinery 1.4%, transportation and warehousing 1.13%, chemicals 1.2%, finance 1.26%, securities 0.75%, telecommunications 0.79%, and transportation equipment 0.78%. On the other hand, medical precision is down 1.12%, and food and beverages are weak at -0.41%.

Most of the top market capitalization stocks are also showing strength. Samsung Electronics is up 0.46%, Samsung Biologics 0.51%, LG Chem 0.28%, Samsung SDI 0.15%, Kia 0.44%, NAVER 0.48%, and POSCO Holdings 1.37%. Conversely, LG Energy Solution is down 0.71%, and Hyundai Motor is also down 0.48%.

The KOSDAQ index is also showing strength. At the same time, the KOSDAQ index is trading at 837.20, up 7.46 points (0.9%) from the previous day.

By investor type, institutions and individuals are net buyers of 72.7 billion KRW and 20 billion KRW respectively, while foreigners are net sellers of 88.4 billion KRW.

The top market capitalization stocks on the KOSDAQ show mixed movements. EcoPro BM is up 1.3%, EcoPro 3.56%, Celltrion Healthcare 0.14%, Celltrion Pharm 0.85%, and Osstem Implant 0.11% are strong. On the other hand, L&F is down 1.23%, HLB -0.41%, and JYP Ent. -1.4% are weak.